Edge,
Thank you for your responce.
The attached is an example of what i was saying.
Where the red circles are the next renko bar formed and the ma changed to blue (my rising colour) i entered the trade.
The price then droppes 20+ pips, opened a down renko bar and the ma wnet back to red.
On this example as well we can see what people have been debating about the SmingMan triangle.
My understanding on what the general agreement is that when a triange forms and there are 3 renko in a row you trade that direction. On both these occasions it would have been a looser would it not?
I know this is not in the right time frame but the trades i took were. Is it a case of just one of those loosers.... or am i misunderstanding?
Thanks,
Sorry for being a pain.
Thank you for your responce.
The attached is an example of what i was saying.
Where the red circles are the next renko bar formed and the ma changed to blue (my rising colour) i entered the trade.
The price then droppes 20+ pips, opened a down renko bar and the ma wnet back to red.
On this example as well we can see what people have been debating about the SmingMan triangle.
My understanding on what the general agreement is that when a triange forms and there are 3 renko in a row you trade that direction. On both these occasions it would have been a looser would it not?
I know this is not in the right time frame but the trades i took were. Is it a case of just one of those loosers.... or am i misunderstanding?
Thanks,
Sorry for being a pain.